Surveillance: Aggressive Cuts with Luzzetti
Bloomberg Surveillance
00:00
The Need to Go Cross-Sector in Analysis Within Sector
The opposite represents where you want to avoid. Right now is the paint trade just higher. I do think some of the short-term rallies that we've seen in this market did represent a lot of short covering and the paint associated with that. So there is still a decent amount of bearish positioning, and that could provide some support for the market. But I also think the market has recently gotten a little bit overbought,. We've reverted back short-term anyway to a negative correlation between bond yields and stock prices.
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